Federal Reserve officials are expected to release updated economic projections this week, indicating fewer interest rate cuts than previously anticipated. Most sell-side economists and professional Fed watchers now predict one or two rate cuts this year, likely in September or December, according to the Wall Street Journal. Major brokerages and a new poll of academic economists suggest that the Federal Reserve will lower interest rates just once this year, with the first cut not expected until September at the earliest. The Fed's 'dot plot' could provide further insights into their rate-cut resolve. Investors are closely monitoring these projections, with many betting on a median projection of two rate cuts by September. However, there is a significant possibility of only one cut, with some respondents forecasting no cuts at all, according to the Financial Times and a ChicagoBooth poll of 39 economists, where slightly more than half predicted a single quarter-point cut.